(1)  A licensed firearms dealer must keep a record in an approved form of all dealings with firearms and firearm parts.

Penalty:  Fine not exceeding 50 penalty units.

(2)  A dealings record is to contain the following particulars:

(a) the name and address of any other person involved in the dealing;

(b) the number of the other person's licence or permit authorising the person to possess the firearm or firearm part;

(c) the number of the other person's permit to acquire the firearm;

(d) for any firearm or firearm part in the possession of the firearms dealer –

(i) the date of its purchase or receipt by the dealer; and

(ii) the date of its sale or transfer out of the possession of the dealer; and

(iii) the make, serial number, calibre, type, action and any magazine capacity;

(e) .  .  .  .  .  .  .  .  

(f) any other prescribed particulars.

(3)  An entry in a dealings record is to be –

(a) numbered sequentially; and

(b) made within 24 hours after the dealing occurs; and

(c) kept for a period of 6 years.

(4)  A copy of an entry in a dealings record is to be sent to the Commissioner as and when required by the Commissioner.

(5)  A dealings record may be in a printed, electronic or any other approved form.

(6)  If required to do so by the Commissioner, a licensed firearms dealer must keep a record in an approved form of all of the dealer's dealings with ammunition.